Medifast Launches High-Protein Mini Meals, Shares Rise by 4.9%

Investing.com -- Health and wellness company Medifast saw an increase of up to 4.9% in its shares following the launch of a new product line. The new products consist of high-protein, fiber-rich mini meals and daily nutritional supplement packages. These products are specifically designed for individuals using GLP-1 medications and seeking assistance with weight control. GLP-1 medications are typically prescribed to individuals with certain health conditions, and Medifast's new product line aims to meet the nutritional needs of these individuals. "Obesity is a chronic health condition, and according to findings from a recent clinical study, ongoing support is essential to continue progress in weight and overall health," said Satya Jonnalagadda, Medifast's Vice President of Scientific and Clinical Affairs, in a press release.